Rongyang Industrial (02078) announced interim results with a net loss of HK$54.216 million, an increase of 105.4% over the previous year

According to the Zhitong Finance App, Rongyang Industrial (02078) announced results for the six months ended June 30, 2026, with revenue of HK$138 million, down 43.1% year on year; net loss of HK$54.216 million, up 105.4% year on year; basic loss per share of HK 4.55 cents.

The sharp decline in earnings during the period was mainly affected by the continued loss of customers due to the ongoing geopolitical situation, changing trade policies, and a lower-than-expected economic recovery rate in several major markets. These factors combined to affect customer confidence and order volume. Furthermore, with the loss of the largest customer in the second half of 2025, earnings have declined sharply since then. The Group has always been committed to expanding its customer base through measures such as geographical diversification to enhance competitiveness and attract more business from existing customers; at the same time, it has also implemented appropriate cost saving measures to streamline the cost structure and improve efficiency.